July 21, 2010 -- Led by customer demand for its high-end Symmetrix portfolio, Avamar and Data Domain product families, and VMware, EMC has reported record financial results for the second time in as many quarters with consolidated revenue for Q2 hitting $4.02 billion, an increase of 24% compared with the year-ago quarter.

According to EMC (NYSE: EMC), GAAP net income attributable to EMC increased 108% year-over-year to $426 million; and GAAP diluted earnings per share were $0.20, up 100% year-over-year. Non-GAAP net income attributable to EMC for the second quarter was $596 million, an increase of 66% compared with the year-ago quarter, and non-GAAP earnings per diluted share were $0.28, an increase of 56% year-over-year.

During the quarter, EMC achieved all-time record year-to-date operating cash flow and free cash flow of $2.1 billion and $1.6 billion, which grew 44% and 47%, respectively, compared with the year-ago period.

The company completed the quarter with $10.3 billion in cash and investments.

Kevin Komiega has been the Senior Editor of InfoStor since 2005. He was previously a senior news writer with SearchStorage.com and held a position as a public relations account executive with Porter Novelli, Boston. Kevin also spent four years running tape backup operations at the University of Rhode Island's Academic Computer Center. He can be contacted at kkomiega@quinstreet.com.